Alexander E. Parker.

Among the campaigns conducted under Mr. Parker’s leadership:

1. 01

   Fossil Group, Inc.

   NASDAQ: FOSL

   When the firm engaged, Fossil’s shares had declined approximately 97% from their historical peak and were trading at more than an 80% discount to book value, and not one director had bought a share in the open market in the preceding three years. Holding approximately 1.4% of the shares, the firm submitted a director nomination on February 16, 2024, and 37 days later, Fossil entered into a cooperation agreement appointing the firm’s nominee to its board. In the same period, the company’s longtime Chairman and Chief Executive Officer stepped down, and its Chief Financial Officer departed that July. Within two months of the board appointment, Fossil’s share price had risen more than 80%, and within approximately two years, more than 500%. As of October 2026, Fossil’s shares had notched a gain of over 700% since the board appointment.

2. 02

   Daily Journal Corporation

   NASDAQ: DJCO

   In July 2025, Mr. Parker engaged the board of Daily Journal Corporation, the publicly traded company formerly chaired by Charles T. Munger, over what he alleged were years of undisclosed GAAP and Regulation S-X violations. Chief among them was the company’s practice of expensing all of its software development costs, which he alleged violated GAAP ASC 985-20, a standard that requires costs incurred after technological feasibility to be capitalized; his reading reflected published AICPA guidance on external-use software built in an agile environment. He also identified Section 16(a) filing failures by every member of the Audit Committee and Sarbanes-Oxley certifications he alleged to be inaccurate. Following his private correspondence, a public campaign, and parallel regulatory submissions, the company made its first disclosure of software research and development expenditures and remedial Section 16 filings for each of its directors, and its Chief Financial Officer departed under a separation agreement. Within approximately seven months of the initial engagement, Daily Journal’s share price had appreciated approximately 65%. In February 2026, the firm gave the company additional time to reach full compliance before pursuing board representation, a right it has expressly reserved.

3. 03

   Mallinckrodt plc

   formerly NYSE: MNK

   Mallinckrodt entered its first Chapter 11 bankruptcy in October 2020 and emerged in June 2022, recording a $2.2 billion loss when it revalued its balance sheet to fair value under fresh-start accounting. Its bankruptcy disclosure statement had already valued the business billions of dollars below the figures its SEC filings continued to report. In public letters, Mr. Parker alleged that delaying recognition of those losses until fresh-start accounting violated GAAP ASC 350/360 and Regulation S-X, and that the company had also failed to account for a material loss contingency in violation of ASC 450-20. In March 2023, he contended publicly that Mallinckrodt was repeating the same practice with its intangible assets after its emergence. Over the following months, the company’s shares fell more than 85%, and on August 28, 2023, roughly fourteen months after leaving its first bankruptcy, Mallinckrodt filed for Chapter 11 a second time, then again admitting net asset insolvency while certifying positive net assets in filings with the U.S. Securities and Exchange Commission. On November 30, 2023, the U.S. Securities and Exchange Commission charged Mallinckrodt with failing to disclose the same loss contingency Mr. Parker had challenged, a potential liability for Medicaid rebates on its drug Acthar Gel that ultimately exceeded $500 million, finding violations of Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933 and Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934.

4. 04

   Endo International plc

   formerly NASDAQ: ENDP

   Following a short position taken in February 2022, Mr. Parker conducted private and public correspondence with Endo’s directors and its independent auditor, PricewaterhouseCoopers LLP, alleging self-dealing, breaches of Irish law and fiduciary duty, and the concealment of billions of dollars of goodwill overstatement that was carrying the company toward insolvency. Five days after his open letter of May 13, 2022, to Endo’s shareholders and creditors, The Wall Street Journal reported that the company had begun restructuring negotiations with its lenders and senior bondholders, and Endo’s shares fell nearly 50% that day. Within months, the stock had fallen more than 90%, the company had recognized nearly $2 billion of belated goodwill write-downs, and on August 16, 2022, it filed for Chapter 11 protection.

5. 05

   EchoStar Corporation

   NASDAQ: ECHO

   Beginning January 22, 2024, Mr. Parker publicly alleged that EchoStar’s balance sheet overstated shareholder equity by more than $15 billion following its merger with DISH Network, through asset impairments that GAAP ASC 350/360 and Regulation S-X required the company to recognize. When EchoStar did not respond to successive detailed letters, he took his concerns to members of the United States Senate Committee on Finance. On November 6, 2025, EchoStar recorded a $16.48 billion non-cash impairment charge (ranking among the largest recorded losses in telecommunications history), which the company attributed to decommissioning 5G network assets following its spectrum sales.